Answer:
Gross income=(1450-700)=$750
Explanation:
Gross income is the total earning before any taxes or deductions
In this case;
Gross income=Winnings-Losses
where;
Winnings=Slots+poker=(250+1200)=$1450
Losses=racetrack=$700
Replacing;
Gross income=(1450-700)=$750
Answer:
$122,000
Explanation:
i dont know i just subtracted ¯\_(ツ)_/¯
Cost-benefit principle would state that you would only take an action if the benefit outweighs the cost.
For example: It may cost me $5 to drive to work, but I make $50 for showing up, I would go because the benefit I get outweighs the cost and I am better off going than staying at home.
Answer:
Compounding formula would be used here which is as under:
Future Value = Present value * (1+r)^n
FV = (PV is $2000) * ( 1 + 4%)^ 3 number of years
Remember that r is the return that is 4% that Sarah Jones will receive.
So
FV = $2250
So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.
